My Trading Diary for Nifty Futures

[rh6996]

Positional long if June Nifty crosses 5163 now, will take position in July Nifty!!

 

[rh6996]

As Nifty June did not cross 5163, I exited Shorts and did nnot enter longs in view of Derivative close!!
Longs move up by 75+ points in a swift gap up move!! Sitting on side lines!!

 

[rh6996]

Looking for any opportunity for Long or Short Intraday.. shall trade both ways till I get a Positional trigger!!

 

[rh6996]

Have gone long above : 5246 !

 

[rh6996]

Above 5277.20 its also a positional Buy trigger!! High 5275

 

[rh6996]

Positional Lobg also triggered!! It could have triggered a 100 points earlier but missed the trigger by just 8/9 points!! Need to think about these change of direction on Derivative closing day!! Had we factored in the Premium difference into CMP, we would have been long yesterday evening only!! But all this is in hind site!! Frankly would be thinking differently if the mkt had opened gap down!! IN any case this aspect of borderline changes on a Derivative close needs to be looked into!

 

[sumosanammain]

Why didnt you roll the short?

 

[rh6996]

Intraday Short below 5264.8

 

[rh6996]

Why didnt you roll the short?

On Derivative close day as per rule : If you are on an edge of Long/Short stay out!! July contract had triggered Long , June contract almost did, was shy by about 7/8 points... so did not carry any position home!! At nearing close, June was Positional Short and July was Positional Long! As in analysis the current month Chart was followed for trades till Expiry, now need to reanalyse whether to take position if its in changeover mode as per next months derivative chart!!
Had the July contrac not triggered Long I would have carried Short position Home!!

 

[rh6996]

i don't understand how >5277.20 triggers long ?

The first 60 minutes candles high is around 5262, I use 15 points FIlter for trigger in opening bar levels to avoid false triggers, 5262+15=5277+